Swiss Economicblogs.org
Mainstream media often speaks of the great shale gas/oil revolution and how it makes the United States more productive and a net exporter of oil. We wanted to go into more details,we compare oil production costs for U.S. shale and global oil producers. It has to be recognized that long-cycle break-Even costs of shale oil have fallen from 77$ to 62$. As reason for the currently cheap oil we see the combination of two...
Read More »Oil Supply Globally: Market Price Compared to Production Costs
